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Walgreens

Walgreens

Head office: USA

Walgreen Co. was founded in 1901 and is based in Deerfield, Illinois. It operates a chain of drugstores in the United States. These drugstores sell prescription and non-prescription drugs, and general merchandise. General merchandise includes beauty care, personal care, household items, candy, photofinishing, greeting cards, seasonal items, and convenience food. The company provides its services through drugstore counters, as well as through the mail, by telephone, and on the Internet.

While Walgreen has fewer stores than its closest rival CVS, it is number 1 in the nation in sales. Walgreen operates some 6,000 stores in 49 states and Puerto Rico, and has three mail order facilities. Prescription drugs account for nearly two-thirds of sales; the rest comes from general merchandise, over-the-counter medications, cosmetics, and groceries. Walgreen usually builds rather than buys stores, so it can pick prime locations. For added convenience, more than 80% of its stores offer drive-through pharmacies, and almost all offer one-hour photo processing.

Walgreens expansion is fueled primarily by opening new, freestanding locations with drive-thru pharmacies. In fiscal 2007, which ended in August, Walgreens opened 621 new stores, including 120 acquisitions. The company’s revenue reached US $ 53.8 (EUR 39.4) billion.

Website: www.walgreens.com

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